EURUSD-14:10 (CET)

By IBT Staff Reporter On 10/09/09 AT 8:41 AM

If we observe the one hour chart, the pair could seek 0.9280 and then fall to 0.9000. The 200 days MA have been, in the medium term, a support for the pair, each time it tried to revert the trend. However, for a downwards correction we must pay attention to the rupture of the support at 0.9180 pounds per euro. According to the bands of Bollinger, the pair has an 80 pips volatility in the hour, while the RSI is in a neutral zone.